Minor Fluctuations Observed in Turkish Lira Exchange Rates
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend
Looking at the data provided, we see a slight fluctuation in the TRY exchange rate over the course of the day. However, the changes are relatively minor, remaining within a small band around 0.042. This suggests that while there are variations in the rate from moment to moment, the overall trend for this day appears to be relatively stable. We don't observe a clear upwards or downwards trend in the exchange rate over this period.
Seasonality or Recurring Patterns
On a first glance, there doesn't appear to be a clear pattern indicating seasonality in the exchange rate during the day. The rate fluctuates within the aforementioned narrow band throughout the timeframe. To affirm this, we would ideally want to analyze data across multiple similar-length periods and establish if the same pattern recurs. However, based on this single day's data, we cannot definitively say there's a recurring pattern during the day.
Outliers
No significant outliers have been identified in this data. Outliers would be instances where the exchange rate deviates significantly from the established pattern or trend. In this case, as the exchange rate remains within a relatively tight band throughout the day without significant peaks or dips, we don't have clear outliers. The exchange rate seems to flow relatively smoothly without sudden, extreme changes.
Conclusion
Based on the provided data, while there are slight moment-to-moment fluctuations, the TRY exchange rate remains relatively stable throughout the day. It suggests a well-balanced market situation for that specific day without significant disturbances or irregularities such as sudden spikes or drops (outliers).